The IVC joint venture was formed in 2008 and principally supplies industrial coatings to the appliance and electronics-materials segments. In 2016, it had sales of less than $10 million as an equity affiliate of PPG.

Included in PPG’s acquisition of the remaining 50% ownership interest in the IVC joint venture (including both the Malaysia and Singapore entities) are all machinery and equipment, property leases, working capital, customer list and relationships, and distribution and territorial rights in Asia. Additionally, all joint-venture employees, of whom there are fewer than 10, will become PPG employees.

“This transaction is an important follow-up to PPG’s 2015 acquisition of IVC Industrial Coatings Inc., which is now fully integrated into our industrial coatings business,” said Shelley Bausch, PPG Vice President, Global Industrial Coatings. “The IVC products, operations and employees we added through that transaction have helped strengthen our business.

“We look forward to fully integrating the Asian IVC joint venture as well, so we can further enhance PPG’s ability to deliver value to our industrial coatings customers.”

Events

Architectural paint regulations and labeling programs for volatile organic content (VOC) and emissions are constantly evolving. This webinar is designed to explain current and upcoming regulation changes in North America, Europe, Asia Pacific, and Latin America.

Broadcasting LIVE from the Powder Coating Summit, the fundamentals of FEVE resin technology will be discussed. FEVE resins are alternating copolymers of fluoroethylene and vinyl ether units. The vinyl ether component allows for the incorporation of functionality including hydroxyl function group, which can be reacted with polyisocyanate crosslinkers. The resulting crosslinked films have excellent weathering, corrosion, and chemical resistance. Powder coating formulations based on FEVE reins pass AAMA 2605.